Australia🇦🇺 has had one of the greatest euphoric property bubbles in history. Over the decades, incentives, low rates and more have fuelled the housing bubble to unprecedented levels. The masses thought rates were going to stay near zero forever .. now the chickens are coming home to roost.
With a population of just 28 million spread across a vast land that dwarfs countries housing hundreds of millions on a fraction of the land and at far lower prices Australia sits under extreme vulnerability to a major property crash, the likes of which have never been seen before and that could last a decade.
The 30-year bond has broken out of its large ascending triangle. This now activates the measured move, which sits at the 6.40% level. Mortgage rates at 8.5–9% are likely moving forward.
This won’t end quietly.
And the fake narrative of a housing shortage is about to flip to a glut of housing gripping Australia.
This isn’t an isolated issue ... but global
@JEChalmers Jim has imported 1.2 million unproductive units & now he has realised that without earners his house comes crashing down.
If you even think about my super, I will become your most active nightmare
@MikeCarlton01@Nan19561 Cracks me up how you’ve used AI to dress yourself up.
Have some humility man & age gracefully rather than being an elite level flog
@RizviAbul@DrCameronMurray Australia has a massive trade surplus in immigration. Over 30% of our immigration comes from India. Australians as a people will not survive at this rate. Remigration is the only way